Ballpark Settlement/Closing costs (sales, HOA, loan)

[vauser]

Home sale price: $325K, Loudoun County. What would be reasonable closing costs?

Trying to get a ballpark to see how much cash in hand we would have after the sale minus loan amount (plus a 2% rebate from realtor).

[gammann]

Aside from the realtor fees, we paid the following, selling our FFX townhouse:
Settlement fee: $405
Doc Prep fee: $150
Release Tracking fee: $35
State Recordation Tax: $364
Pest Inspection: $12
HOA Disclosure Package: $225
Our portion of the county taxes for the year
Our portion of the HOA dues for the month

[vauser]

Originally Posted by gammann

Aside from the realtor fees, we paid the following, selling our FFX townhouse:
Settlement fee: $405
Doc Prep fee: $150
Release Tracking fee: $35
State Recordation Tax: $364
Pest Inspection: $12
HOA Disclosure Package: $225
Our portion of the county taxes for the year
Our portion of the HOA dues for the month

Thanks. So, as a ballpark percentage of the value of the property, would I be okay to take it as, say, 6% of the sale price (assuming a 2% rebate from the seller)?

Meaning: 6% X 325K => 19.5K. So, if my loan amount were 220K, can I expect about 85K after the sale (after realtor commission and all other costs)?

[boyd888]

Is the 325K the net sales price? Are you giving any money to the buyers for closing costs?

If not, it typically costs 6% in realtor fees, plus another couple grand in various fees, to sell. Your 2% rebate means it will only cost you 4% in realtor fees to sell (nice work)!.

If your loan is 325K, your net afterwards would be 325K - (325K*0.04) - ~2000 (various fees) - 220K = ~ 90K. So 85K is a reasonable expectation.